US Records $404 Billion Deficit in First Month of Fiscal Year

The US recorded a budget deficit of $404 billion in October 2026, according to Treasury Department data released Thursday. This represents a 42 percent increase compared to October 2025. The deficit reflects the difference between federal revenues and spending during the first month of the fiscal year.

• Bloomberg — US Records $404 Billion Deficit in First Month of Fiscal Year

Next story